Institutional Financial Markets (NYSEAMERICAN:COHN) Shares Pass Above 200 Day Moving Average – Here’s Why

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHNGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.84 and traded as high as $22.29. Institutional Financial Markets shares last traded at $20.24, with a volume of 44,827 shares trading hands.

Institutional Financial Markets Stock Down 4.7%

The firm has a 50 day moving average price of $18.76 and a 200-day moving average price of $13.90. The firm has a market cap of $39.33 million, a price-to-earnings ratio of 8.14 and a beta of 1.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89.

Institutional Financial Markets (NYSEAMERICAN:COHNGet Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $2.71 earnings per share for the quarter. The firm had revenue of $71.98 million during the quarter. Institutional Financial Markets had a return on equity of 16.74% and a net margin of 2.29%.

Institutional Financial Markets Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Thursday, January 22nd. Shareholders of record on Wednesday, January 7th were paid a $2.00 dividend. The ex-dividend date of this dividend was Wednesday, January 7th. Institutional Financial Markets’s dividend payout ratio (DPR) is presently 24.45%.

About Institutional Financial Markets

(Get Free Report)

Cohen & Co, Inc engages in fixed income markets. It operates through the following segments: Capital Markets, Asset Management, and Principal Investing. The Capital Markets segment consists of fixed income sales, trading, matched book repo financing, and new issue placements in corporate and securitized products and advisory services, operating primarily through its subsidiaries. The Asset Management segment manages assets through investment vehicles, such as collateralized debt obligations, managed accounts, and investment funds.

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